Summary:
- SOFeXchange and DEMeXchange, Statement of Fact and Laytime/Demurrage calculation software providers have been acquired by Athens-based Harbor Lab
- The acquisition was aimed to help the digitalisation of SoF (Statement of Facts) and demurrage calculation processes, improving even more the efficiency and accuracy the platform offers
Athens, 11th December 2023 – In a game-changing move to redefine the maritime industry, Athens-based Harbor Lab proudly announces the acquisition of two maritime software products, SOFeXchange and DEMeXchange, from Osiris Ltd.
These strategic additions to Harbor Lab’s arsenal are set to revolutionize the way the maritime sector operates its ‘last mile’ processes, ushering in a new era of efficiency and precision. With this acquisition, Harbor Lab will integrate the technology into its existing software, offering a more well-rounded solution.
SOFeXchange, the digital Statement of Facts (SoF) provider for the maritime sector, is poised to transform and standardize the creation of SOF documents. This cutting-edge tool brings with it several features such as real-time insights into port events, Smart Laytime EventsTM for all cargo types, and easy handling of documents and attachments, including LOPs, NORs, and B/L.
DEMeXchange, a digital demurrage calculation tool, complements SOFeXchange with its own set of game-changing functionalities, including the direct import of information, events, and time stamps from SOFeXchange, swift demurrage and despatch calculations based on Charter Party demurrage terms, as well as the streamlined creation of claims packs.
Harbor Lab’s Founder & CEO, Antonis Malaxianakis, said, “We are immensely proud of our first acquisition as it is a giant leap forward for the transformational shift we want to bring. We are now one step closer to our vision for a digitally connected industry that truly streamlines and optimises port call related processes. We want teams to make accurate decisions based on data, not gut feelings. By automating and streamlining these processes through a single platform, operations and demurrage teams can redirect their efforts toward more complex and value-added tasks, unlocking unprecedented savings opportunities in contracts.”
By including these new pieces of software into the Harbour Lab package, users will be able to digitally map critical events during a port call to calculate laytime and demurrage charges, helping to improve the efficiency of vessel turnaround operations.
Adrian Challinor, Founder of SOFeXchange and DEMeXchange said: “Critical events during a port call can now be automatically mapped, and laytime calculations are executed seamlessly, eradicating the laborious task of manual data entry. Miscalculations are commonplace and they can be an administrative headache, losing money and wasting time. Port cost management has long been left out of the digitization and technology race, but joining Harbor Lab to lead the SOFeXchange and DEMeXchange integration will allow me to work on further modernizing the areas that have the biggest benefits to all parties.
